At the World Economic Forum in February 2021, it was stated that moral leadership is in high demand but in short supply.Additionally, compliance and ethics industry itself appears to be in crisis.
We’re facing a global truth crisis, as facts and data continue to degrade and destroy trust. As a small- to mid-sized business leader, how do you circle yourself with trusted partners, resources, leaders, employees and critical suppliers?
"People today grant their trust based on two distinct attributes: competence (delivering on promises) and ethical behavior (doing the right thing and working to improve society).
The 2021 Edelman Trust Barometer reveals an epidemic of misinformation and widespread mistrust of societal institutions and leaders around the world. Adding to this is a failing trust ecosystem unable to confront the rampant infodemic, leaving the four institutions – business, government, NGOs and media – in an environment of information bankruptcy and a mandate to rebuild trust and chart a new path forward.
This year’s study shows that business is not only the most trusted institution among the four studied, but it is also the only trusted institution with a 61 percent trust level globally, and the only institution seen as both ethical and competent."
As moral fatigue grows among managers and a distain for law and erosion of the rule of law apart from politics may also be rooted in behavioral science findings - "...a rule-based mindset can lead to a consistent pattern of unethical behavior, in which violating a rule becomes the norm. Such a pattern resembles the slippery slope of moral decision making."
No wonder employees are more willing to trust AI than their human managers.
